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BigHaat raises $10 Mn led by OCP Groupโ€™s arm Bidra Innovation

EntrackrEntrackr ยท 1m ago
BigHaat raises $10 Mn led by OCP Groupโ€™s arm Bidra Innovation
Medial

BigHaat raises $10 Mn led by OCP Groupโ€™s arm Bidra Innovation Indian AgriTech company BigHaat has raised $10 million in a funding round led by Bidra Innovation Ventures, the U.S.-based venture capital arm of OCP Group. โ€œThis partnership with OCP Group will help us bring advanced agricultural solutions to Indian farmers and strengthen our role in the farming ecosystem,โ€ said Sateesh Nukala, chief executive of BigHaat. The investment will support BigHaatโ€™s plan to expand its digital farmer-focused ecosystem and build a traceable, globally compliant food value chain. The company has built the largest direct-to-farmer network and follows ESG-led cultivation and sourcing practices focused on lowering carbon emissions, enabling traceability, and ensuring IPM-based food safety compliance. โ€œOur partnership reflects a shared conviction that sustainable gains in agricultural productivity will come from locally grounded solutions that improve farmer economics while meeting global standards for quality, food safety, and environmental stewardship,โ€ said Yassine Cherkaoui, CEO of Bidra Innovation Ventures. With this round, BigHaatโ€™s total funding to date stands at around Rs 300 crore. On the financial front, BigHaat reported steady growth and crossed the Rs 1,100 crore revenue milestone in FY25, while also improving its profitability metrics.

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True Balance raises $10 Mn in debt

EntrackrEntrackr ยท 7d ago
True Balance raises $10 Mn in debt
Medial

True Balance raises $10 Mn in debt Fintech platform True Balance has raised $10 million in debt funding from a group of investors including Northern Arc Capital to support the growth of its lending arm, True Credits Pvt Ltd. The fresh debt capital will be used to expand True Creditsโ€™ lending operations and launch new loan products in the Indian market. Founded in 2014, True Balance focuses on providing financial services to underbanked and new-to-credit users. Through its NBFC arm, the company has disbursed more than $30 million in loans during the current financial year. True Balance is operated by Balancehero India, the Indian subsidiary of South Korea-based Balancehero. The platform provides digital financial services such as bill payments, recharge, and lending products to users in India. True Balanceโ€™s personal loan platform usually targets borrowers who are neglected by banks and have no credit scores. True Balance has raised $150 million to date across equity and debt rounds, including its $28 million led by SoftBank and Daesung Private Equity. The company raised its last round almost three years back.

Exclusive: Niqo Robotics raises $9 Mn in a new round

EntrackrEntrackr ยท 1y ago
Exclusive: Niqo Robotics raises $9 Mn in a new round
Medial

Agritech robotics firm Niqo Robotics (formerly TartanSense) has raised Rs 74.7 crore or $9 million in a new round led by Brida Innovation Ventures. The fresh funding comes after a hiatus of three years for the Bengaluru-based company. The board of Niqo Robotics has passed a special resolution to issue 8,577 preference shares at a price of Rs 87,090 each to raise Rs 74.7 crore, its regulatory filing accessed from the Registrar of Companies shows. Bidra Innovation Ventures pumped in Rs 41.5 crore while exiting investor Omnivore Partners also subscribed to the round with Rs 33.2 crore. As per startup data intelligence platform TheKredible, the company has been valued at around Rs 290 crore or $35 million (post-money) Following the fresh proceeds, Omnivore Partners emerged as the largest external stakeholder with 25.7% followed by Brida Innovation and Blume Ventures which commanded 18% and 10.7%, respectively. Its sole founder Jaisimha Rao holds more than a quarter of the company. See TheKredible for the complete shareholding pattern. Founded in 2015 by Jaisimha Rao, Niqo Robotics specializes in crafting compact agricultural robots empowered with AI-driven computer vision technology which claims to reduce costs and increase profitability. The company announced its rebranding to Niqo Robotics in March last year. Niqo Robotics has raised $16 million to date including its $5 million in Series A round from FMC, Omnivore, and Blume Ventures in August 2021. The firm also scored a $2 million Seed round in 2019. While the company would disclose its FY24 numbers later this year, the nine-year-old firmโ€™s Indian entity largely remained in pre-revenue stage with a revenue of only Rs 1.3 crore during FY23. At the same time, its losses spiked twofolds to Rs 9.8 crore in the fiscal year ending March 2023.

Exclusive: BigHaat to top up Series C led by JM Financial

EntrackrEntrackr ยท 3m ago
Exclusive: BigHaat to top up Series C led by JM Financial
Medial

Exclusive: BigHaat to top up Series C led by JM Financial Full-stack agritech platform BigHaat has raised Rs 37 crore ($4.1 million) from its existing investors as part of an extended Series C round, representing its first fundraise in over a year. The Bengaluru-based startup has approved a special resolution to issue 3,39,450 Series C2 preference shares at an issue price of Rs 1,090 each, as per regulatory filings sourced from the Registrar of Companies (RoC). JM Financial India will be leading the round with an infusion of Rs 15 crore. Existing investors Ashish Ramesh Kacholia and Suresh Kumar Agarwal will contribute Rs 10 crore each. The round will include participation from several individual backers, including Neeraj Chaudhary, Kapil Dave, Usha Sharma, Pramod Kumar Lahoty, and other angel investors. According to the filings, the fresh capital will be deployed towards meeting the companyโ€™s working capital requirements, supporting capital expenditures necessary to sustain its growth trajectory, and fulfilling general corporate needs. Founded as a full-stack agritech solution, BigHaat provides data-led crop advisory to farmers to help them make more informed decisions. Alongside advisory, the platform supports farmers with distribution, marketing, and operations. The company also sells a wide catalogue of agricultural inputs, including seeds, pesticides, fertilizers, farm equipment like pumps, and various crop growth promoters. BigHaat has raised approximately $26 million to date, including a Rs 100 crore ($12 million) round led by JM Financial in January 2022. Its cap table features notable investors such as Beyond Next Ventures, Ashish Kacholia, Ankur Capital, and several prominent angels. Financially, BigHaat has reported steady growth. The company crossed the Rs 1,000 crore revenue milestone in the previous fiscal year (FY25) while simultaneously improving its profitability metrics. In a recent interaction with Entrackr, BigHaat co-founder Sateesh Nukala said the firm is targeting Rs 1,400 crore in revenue by the end of the current fiscal year.

Debt relief platform FREED raises $7.5 Mn in Series A

EntrackrEntrackr ยท 2y ago
Debt relief platform FREED raises $7.5 Mn in Series A
Medial

Debt relief platform FREED has raised Rs 60 crore ($7.5 million) in its Series A round led by Sorin Investments and Multiply Ventures, with participation from Piper Serica and other institutional funds. In May 2022, FREED raised $2.8 million in a pre-Series A round led by Inflection Point Ventures. With this latest investment, FREED aims to accelerate its growth trajectory, deepen its impact, and continue pioneering advancements in the debt relief landscape. Founded in August 2020 by Ritesh Srivastava, FREED assists individuals in navigating their debt challenges effectively. The company claims to have enrolled over 1,200 crore in stressed retail debt on its platform across more than 25,000 customers pan India. Besides FREED, Loan Settlement, Single Debt, and CreditQ, among others also compete in this segment. Sorin Investments, a venture capital firm set up by KKRโ€™s Sanjay Nayar and Caravel Groupโ€™s Angad Banga, raised $100 million from multiple family offices for its debut fund in July 2022. Its portfolio includes Uniqus and Venwiz.

Global HealthX crosses $15 Mn in healthcare investments, unveils startup cohort

EntrackrEntrackr ยท 1m ago
Global HealthX crosses $15 Mn in healthcare investments, unveils startup cohort
Medial

Global HealthX, the healthcare and life sciences innovation hub under the Global University Foundation, has crossed $15 million in investments across healthcare and life sciences startups, as well as studio-built ventures, over the past two years. Operating at the intersection of healthcare, life sciences, and technology, Global HealthX brings together a venture studio, strategic investments, and market-access partnerships within a single, integrated model. The platform aims to address structural gaps in Indiaโ€™s healthcare ecosystem, particularly in access, affordability, and continuity of care. The most recent cohort includes five startups โ€” TapHealth, Wellytics, Monitra Health, Merry Health, and Avika โ€” working across AI-led chronic care, cardiac monitoring, emergency response, genomics-driven precision medicine, and VR-based mental health therapy. The Hyderabad-based firm typically invests between $250,000 and $500,000 per company, with flexibility for follow-on investments from pre-seed to Series A and beyond, depending on scale and impact potential. Looking ahead, Global HealthX plans to deploy $8โ€“10 million in 2026 across 10 additional startups spanning healthcare and life sciences, reinforcing its commitment to building long-term healthcare infrastructure in India while enabling the right market access. Led by Ravindranath Kancherla, Global HealthX (GHX) is a healthcare and life sciences venture studio, accelerator, and investment fund focused on innovation, R&D, and startup acceleration in India. Operating as the innovation arm of the Global Institute for Research & Innovation (GIRI), it aims to make healthcare more accessible through technology and expert mentorship.

Jobizo raises $1.4 Mn led by Alkemi Growth Capital

EntrackrEntrackr ยท 1y ago
Jobizo raises $1.4 Mn led by Alkemi Growth Capital
Medial

Jobizo raises $1.4 Mn led by Alkemi Growth Capital Healthcare HRtech firm Jobizo has raised $1.4 million in its pre-series funding round led by Alkemi Growth Capital. This investment follows the $500,000 seed funding round led by AROA Ventures in 2022. The proceeds will be used to create 100,000 healthcare jobs in India and 3,000 jobs abroad within the next 18 months and aims to complete 10 million job hours over time. Co-founded by Naveen Trehan and Avishek Agarwal, Jobizo is an AI-powered platform that connects employers with skilled professionals. The platform has contributed to over 10 million additional patient care hours in India. By using its expanding investor network and market expertise, Jobizo aims to create a welcoming environment for the workforce and tackle skill gap issues. Post seed round, Jobizo's growth claims to have grown over 500%, facilitated over 20,000 jobs in India and international countries, and helped fill over 10 million job hours.

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